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strbear

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Everything posted by strbear

  1. From the YP yesterday - there really are some switched on cookies out there looking after our interests! SB
  2. Well thats not so bad then . . . . . . it could have been serious http://www.telegraph.co.uk/money/main.jhtm...ccusecon128.xml Regards SB
  3. Well interesting to say the least. The biggest issue (which hadn't really occured to me before) is that a lot of people coming off ARMs (ie needing to refinance) are unable to get new mortgages as their property has fallen in value and they no longer have the LTV to qualify for a loan on their existing property - ouch, and its pretty common apparently in LA and Orange County because people took such high risk mortgages. Its a big talking point here right now and everyone only sees it as getting worse as more ARMs reset. Everyone accepts that house prices are falling - 10 - 15% seems the main assumption - and many people are calling the bottom - but many commentators perceive the above issue means there is a long way to go. One of the top realtors (Estate Agents) in the San Fernando Valley told the local conference of realtors that if they had any other skills now would be a good time to put them to use as for the next 5 years there wouldn't be the money in real estate their previously had been - pretty telling I suspect. And everywhere there are new builds up for grabs - $500K for houses that were $750K 6 months ago is common - in fact in Orange County there is a housebuilders blowout event next week to try and shift their inventory - should be interesting. Well thats about it - time to go out for dinner - I know lots of people think our economy is disconnected from the USA's but I have to say I think I'm seeing the future here - it will be the same in the UK in about 6 months time. Njoy - and have a nice day! Regards SB
  4. Article in the WSJ today; Now we're international news! http://online.wsj.com/article/SB1192999309...p_us_whats_news SB
  5. [sarcasm on]But the fundamentals are still sound! [sarcasm off] Njoy SB http://business.timesonline.co.uk/tol/busi...icle2709683.ece
  6. Bank of America results out today For those who think this is all over - think again, http://business.timesonline.co.uk/tol/busi...icle2687542.ece Regards SB
  7. Starting to look more bearish everyday http://www.telegraph.co.uk/money/main.jhtm...cnmorgan118.xml Regards SB
  8. Read more about it in the LA Times at http://www.latimes.com/classified/realesta...realestate-news SB
  9. Update from the Times Is this attempt to re-start the market self help or self harm? SB
  10. Perhaps I should have used [sarcasm on] [/sarcasm off] to avoid all the comments . . . . . of course its not a valid argument! Thanks SB
  11. We'll it looks like Evans-Pritchard in the Telegraph is thinking the same even if its not today it may be soon See it all at http://www.telegraph.co.uk/money/main.jhtm...C-mostviewedbox SB
  12. His argument is based on solid foundations Enjoy the full article at http://business.timesonline.co.uk/tol/busi...icle2658408.ece SB
  13. Ah - not so sure they are pulling out - looks like they were re-grouping Rest of article at http://business.timesonline.co.uk/tol/busi...icle2658281.ece Do you get clubcard points with this?
  14. http://www.ft.com/cms/s/4550b8c6-7a8d-11dc...com%2Fhome%2Fuk You need to subscribe to see the full article SB
  15. http://business.timesonline.co.uk/tol/busi...icle2651513.ece SB
  16. Well lets face it - they've removed everyting else from the basket and we're down to the price of a sofa represnting CPI - wonder when D'Souza will get a call from No 10 - wonder if you'll reduce prices Lord D'Souza to show CPI below 2% SB
  17. TEIN Thanks for that - been keeping an eye on propertysnake but LS1 / LS2 doesn;t seem to be being hit as I'd expected - not sure if propertysnake isn't reflective of the area (its lost most of its feeder sites) or if its not falling as we expect . . . . . only kidding its the feeder sites. Look around the city centre and its new prices all the way. Regards SB
  18. If you're looking for decent sandwiches Leeds is the wrong place to look - Greggs is the local "boulangerie of choice" and they're pretty poor - can I suggest you look elsewhere for culinary jokes Regards SB
  19. I work across many verticals mentoring company MDs - I have to say that the outlook varies but reflects what you might expect - discretionary spend is falling pretty sharply (both corporate and individual) - retail is really struggling up here - industrial seems to be OK right now but outlook is less strong - overall I'd say the picture is on the change but yet to tip over - however not sure it will take long. Anyone else see the same? SB
  20. Ah - here is the link http://www.yorkshireeveningpost.co.uk/news...sses.3364876.jp Enjoy SB
  21. There was an interesting piece in the Yorkshire Evening Post earlier this week with the SFO arresting two people in connection with BTL fraud in the Leeds area - wonder if there is a connection? SB
  22. Oh please, please, please lets tag this so that in 6 months time we can all tell Mr Ellis - the expert? - that he doesn't know his A*se from his E*lbow!!!
  23. McKinsey is one of the highly regarded consulting groups so I'd say their view is worth listening to, The rest is at http://www.telegraph.co.uk/money/main.jhtm.../ccfunds105.xml SB
  24. Lucky old us then - or is the UK still to catch on? I think many still believe the credit cruch was created and will impact those across the pond - there is an inkling of realisation it might have a knock on effect to us but the fact that we've our own sub-prime isn't yet on the radar . . . . . I say again yet http://business.timesonline.co.uk/tol/busi...icle2592129.ece Happy Bear day SB
  25. Want to invest £675M and get 4.5% yield - no thought not and neither does anyone else http://www.ft.com/cms/s/0/c3ea726c-7290-11...00779fd2ac.html http://business.timesonline.co.uk/tol/busi...icle2590357.ece Its started . . . .. SB
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